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Stock Market & Financial Investment News

News Breaks
April 12, 2012
18:06 EDTNEINetwork Engines sees Q3 revenue $51M-$56M, consensus $60.32M
The revenue forecast Is lower than the March quarter primarily related to lower forecasted revenues from customers servicing the telecommunications vertical market. As management has previously indicated, telecommunications revenue is project-oriented in nature, and accordingly is subject to volatility from quarter to quarter. Management currently expects GAAP bottom-line results to be between a net loss of $(200,000) and net income of $300,000, net of income taxes.
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